Public Employees Retirement System of Ohio bought a new stake in DT Midstream, Inc. (NYSE:DTM – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 37,758 shares of the company’s stock, valued at approximately $5,541,000.
A number of other large investors also recently added to or reduced their stakes in DTM. Western Wealth Management LLC acquired a new stake in shares of DT Midstream in the first quarter valued at $32,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in DT Midstream during the 4th quarter valued at about $30,000. Commonwealth Retirement Investments LLC purchased a new position in DT Midstream during the 4th quarter valued at about $36,000. Cassaday & Co Wealth Management LLC acquired a new position in DT Midstream in the 1st quarter valued at about $41,000. Finally, WFA of San Diego LLC purchased a new stake in DT Midstream during the second quarter worth about $33,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently commented on DTM. Scotiabank started coverage on shares of DT Midstream in a research note on Tuesday, May 26th. They issued an “outperform” rating and a $176.00 price objective for the company. UBS Group upped their target price on shares of DT Midstream from $152.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Mizuho reduced their target price on shares of DT Midstream from $153.00 to $147.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Wall Street Zen cut shares of DT Midstream from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of DT Midstream from $146.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, DT Midstream presently has an average rating of “Moderate Buy” and an average price target of $153.43.
DT Midstream Stock Down 0.7%
DTM stock opened at $129.14 on Thursday. The stock has a market cap of $13.17 billion, a P/E ratio of 28.26, a PEG ratio of 3.66 and a beta of 0.70. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.68. DT Midstream, Inc. has a twelve month low of $102.43 and a twelve month high of $152.88. The company’s 50 day moving average is $138.81 and its two-hundred day moving average is $139.25.
DT Midstream (NYSE:DTM – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.08). The company had revenue of $332.57 million during the quarter, compared to analyst estimates of $325.84 million. DT Midstream had a net margin of 35.72% and a return on equity of 9.58%. During the same quarter in the previous year, the company posted $1.04 EPS. DT Midstream has set its FY 2026 guidance at 4.420-4.820 EPS. Research analysts expect that DT Midstream, Inc. will post 4.55 earnings per share for the current fiscal year.
DT Midstream Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Monday, September 21st will be given a $0.88 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. DT Midstream’s payout ratio is 77.02%.
DT Midstream Profile
DT Midstream Inc (NYSE: DTM) is a midstream energy company that owns and operates infrastructure for gathering, processing and treating hydrocarbons and produced water. Its core business activities encompass natural gas gathering, cryogenic processing, natural gas liquids (NGL) fractionation, and produced-water handling services. These integrated operations enable the company to capture and transport multiple hydrocarbon streams from wellhead to market and to provide essential water management solutions.
The company’s asset footprint is concentrated in the Delaware Basin in West Texas and southeastern New Mexico, where it serves a diverse range of exploration and production customers.
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